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Really that bad for engineers?

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  #621 (permalink)  
Old 22-05-2012, 08:32 PM
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Singtel and STengineering are both GLC, so that salary scale and increment will be almost the same.....

Really, it is very hard to hit 5k with 5 years exp in these 2 GLC, even you are a very outstanding performer, with at most 2 promotion in 5 years......


So I assume your bro last draw salary with ST just b4 he left is 5k ?? or can you give more info on that?

How long he stay in ST?
Last drawn pay with ST?
Current salary is 8k which you mention

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  #622 (permalink)  
Old 22-05-2012, 09:37 PM
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Quote:
Originally Posted by Unregistered View Post
Is there even hope for engineers in this damn country?!!!!
Why are engineers these days struggling to even afford HDB flats.. Squeesing like sadines in MRT everyday cos cannot afford a car...... Stingy on ordering that bigger plate of chicken rice cos of budget... Pathetic.....
And to quote what somebody said of engineering degree : One degree, many careers opportunites... My arse... It's the biggest scam ever.... Really regret walking down this dead end road....
The signs are on the wall. Literally. Remember those fancy wall posters they put up in the MRT stations encouraging students to go into engineering with the tagline "Where would we be without Engineering"?

The ironic message is, all the products they featured on their poster, Iphone..etc, are all engineered OUTSIDE SINGAPORE.

That pretty much tells you the prospects of Engineering in Singapore in a nutshell.

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  #623 (permalink)  
Old 23-05-2012, 08:26 AM
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He started off in Singtel but left after 1 year. Even though base pay was low he drew 7 months bonus. When he went to the new company, he negotiated on basis of his last drawn total package in Singtel. I think he got offered close to 4k in that firm. He stayed in that American software company for 1 year but moved on to another US firm based on an ex-colleague's recommendation. After a year, he tried to leave again. However as he was on some client project which if delayed would cost the firm quite significant financial penalty, he was offered a significant pay rise to stay. This was just after he got his bonus and increment for the year, so his pay went up quite significantly. He plans to jump ship again after the project ends. That's all I can share.

Quote:
Originally Posted by Unregistered View Post
Singtel and STengineering are both GLC, so that salary scale and increment will be almost the same.....

Really, it is very hard to hit 5k with 5 years exp in these 2 GLC, even you are a very outstanding performer, with at most 2 promotion in 5 years......


So I assume your bro last draw salary with ST just b4 he left is 5k ?? or can you give more info on that?

How long he stay in ST?
Last drawn pay with ST?
Current salary is 8k which you mention

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  #624 (permalink)  
Old 23-05-2012, 12:33 PM
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No need think so much, just change to other job la, i think the problem is engineering people also think that if they 'use' their engineering skill they can command high pay. Bullsh*t in sg, now i can surf forum while waiting for my purchase order to be printed out and still get higher pay than my pervious job (firmware engineer)

I didnt know typing rubbish and answering calls can worth more than customizing entire linux kernel and modifying signal hardware. Anyway my previous coy charges average of $130/hr of my work and i get paid less than 10% of that, didnt want to give me more $$? I quit!
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  #625 (permalink)  
Old 23-05-2012, 12:51 PM
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This is sad. Our society now awards mediocrity.
Nope, my services are charged at an average of $130/hr by my coy. but decided to pay me less than 10% of that because they can get some "FT" to do what i can + wash the toilet for 200 less.

GD luck to the new "FT".
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  #626 (permalink)  
Old 24-05-2012, 12:55 PM
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Been reading this post for quite abit. Would like to relay some opinion on this matter.
Like many on this board, I graduated from an engineering degree ; electrical engineering to be precise in 2009. Market was horrendously bad then. Only jobs up were the LOT programmes and government-related ones. I took the option to capitalise on the (bad) market conditions and slacked for close to 1 year before finding a job.

I knew engineering wasnt my cup of tea, hence I was lucky to get a junior back office role in an international bank, paying me 3k. The job there was really boring and I held it out for close to 1 year. Fortunately, due to some restructuring, I was moved to a business analyst role in a business integration team. Paywise increased by 15% ( inclusive annual increment ). I did that role for about 10 months before managing a change to an investment management firm doing financial pc/risk-reporting control role, drawing about 4.7k now.

So, I guess its not impossible for engineering-educated people to venture out and test the external markets. Just keep on trying and constantly look for openings. All the best!
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  #627 (permalink)  
Old 25-05-2012, 10:08 PM
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Default prospects for a chemical/process engineer

hi, i'll like to ask the engineer community here (in singapore) what are the prospects for someone with a bachelor degree in chemical engineering, and 2+ years working experience as process engineer for a MNC chemical company?

my friend now works overseas (since graduation), but would like to move back to asia for personal reasons. unfortunately, she is worried about culture shock, long hours and low(er) pay.

what would be the choice companies/roles for somebody with such a profile, and how much would the expected salary be?

thanks.
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  #628 (permalink)  
Old 28-05-2012, 02:41 PM
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Default Bad year for banking professionals despite record earnings

Bad year for banking professionals despite record earnings

Many local banks freeze or reduce increment and bonuses despite some of them earning very strong/record revenue unscathed by the financial crisis.

A few of my peers got retrenched in foreign banks and people in Finance and accounting and backoffice are getting paid lesser and lesser. I'm sure a lot of my peers won't mind switching to other industries.






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  #629 (permalink)  
Old 29-05-2012, 09:21 AM
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Quote:
Originally Posted by jason78 View Post
Bad year for banking professionals despite record earnings

Many local banks freeze or reduce increment and bonuses despite some of them earning very strong/record revenue unscathed by the financial crisis.

A few of my peers got retrenched in foreign banks and people in Finance and accounting and backoffice are getting paid lesser and lesser. I'm sure a lot of my peers won't mind switching to other industries.
Really? I seriously doubt people in banks will change to other industries... maybe oil&gas (non-engineering). No nid to say, confirm wun go to engineering industry de, its like born in swiss, moved to congo
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  #630 (permalink)  
Old 29-05-2012, 11:02 AM
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No doubt about it bonus for this year is really bad. Nevertheless, pay at investment banks still higher than other industries. Here is some guidance.

Numbers are in S$. Base Salary/ Total Compensation:

Citi.

Managing Director : Base Salary 400-550k, Total Comp 1mm+
Director : 300-400k, 400-650k
Vice President : 200-250k, 300-500k
Associate : 140-170k, 200-350k

Goldman
Managing Director : Base Salary 500k-600k, Total Comp 1mm+
Executive Director : 300k-450k, 700k 950k
Vice President : 190-250k ,350k-500k
Associate : Base 140-160k, 200-350k

JPM

Managing Director : Base Salary 400k-600k, Total Comp 1mm+
Executive Director : 300k-400k, 600-800k
Vice President : 180-250k, 350-600k
Associate : 130-170k, 190-300k

MS
Managing Director : Base Salary 400k-500k, Total Comp 1mm+
Executive Director : 300k-350k, 450-950k (bulk at 550-750k)
Vice President : 190-250k, 350-800k (bulk at 400-600k)
Associate : 140-160k, 200-350k
Analyst : 90-120k, 120-150k
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